Cerebras Systems Director Steven Vassallo Files Form 144 Notice to Sell $9.52M in Stock
Cerebras Systems Inc.
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Filing Summary
Form 144 Notice of Proposed Sale • Company: Cerebras Systems Inc. • Insider: Steven Vassallo (Director) / Vassallo Family Revocable Trust dated 7/15/02 • Shares to Sell: 50,000 Class A common stock • Estimated Market Value: $9,522,000 (~$190.44/share) • Broker: Merrill Lynch • Past 3 Months Activity: Sold 50,000 shares on 08/14/2026 for $10,909,127.75
Comprehensive Analysis
Cerebras Systems Inc. (CIK: 0002021728) Form 144 Filing Analysis
Executive Summary
Director Steven Vassallo, through the Vassallo Family Revocable Trust dated 7/15/02, has filed a Form 144 notice of proposed sale for 50,000 shares of Class A common stock with an aggregate market value of approximately $9,522,000 (implying an estimated market price of ~$190.44 per share).
Transaction Details
- Securities Offered: 50,000 Class A Common Shares
- Aggregate Value: $9,522,000
- Approximate Sale Date: September 4, 2026
- Broker: Merrill Lynch
- Origin of Securities: Acquired via Private Placement on May 5, 2016, for cash consideration.
- Shares Outstanding: 112,247,109 shares (Proposed sale represents ~0.04% of total outstanding shares).
Prior Trading History
- Within the past 3 months, the trust completed a sale of 50,000 shares on August 14, 2026, generating gross proceeds of $10,909,127.75 (~$218.18/share).
Impact & Significance
- Market Impact: Low dilution impact relative to the 112.25M shares outstanding.
- Significance Level: Medium. The filing reflects ongoing liquidity realization by an early-stage investor/director following an earlier August 2026 disposition.
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